NFU Board for Horticulture and Potatoes chairman give growers some useful business tips

Chairman of the NFU Board for Horticulture and Potatoes Sarah Pettitt gave growers at the Onion and Carrot conference last week a list of key tips for growers to help them make the most out of future business opportunities.

They included:

  • Asking your accountant to separate your accounts into more sub-headings to get to the bottom of your key production costs. Pick the top three, then the following year invest some time in researching ways to reduce them.
  • Have a good relationship with your bank manager.
  • Core values - decide what these are for you, your business and the products that you grow.
  • Have a short and long term plan — a minimum of five years for the latter. Pettitt said: "We spend so much time thinking about the one season and the day-to-day but very little on the direction we would like our businesses to go in.
  • Find and keep good staff by motivating and training them well
  • Spread your risk
  • Visit variety trials and new developments events
  • Explore opportunities, both locally and nationally for securing grant aid
  • When large scale capital investment is required to replace specialist equipment, consider contractors as an alternative
  • Take an active part in the HDC and the NFU.

Pettitt said: "Get these [points] right and I believe that you and your business can be ready to take up the opportunities when they come. So, when you get home this evening, take a look at my list and see whether you can implement any changes."

 


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